Table of Terms

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This section shows terms for money market and other short term debt instruments and contracts.

Line Term Definition Synonym
1 ANY OF Organization OR Government  An entity which is an Organization or some kind of Government such as a Municipal Government.     
2 selection  Any kind of government, such as a Municipality.     
3 selection  Any kind of Organization.     
4 Asset Repurchase Agreement  A Repurchase Agreement defined from the point of view of the lender, where it is seen as an asset repo.    RePo. 
7 defined from perspective of  The lender is the party from whose perspective this is defined as an asset repo.     
8 Bankers Acceptance  A Draft where the drawer and drawee of the draft are distinct parties and the drawee is a bank.     
12 Value At Issue    The relative value at which the instrument is issued, namely par, premium or discount. These instruments are issued at a discount.     
13 Value At Maturity    The value at which the instrument matures, namely par, discount or premium. These instruments mature at par.     
14 Putable    Whether the holder has the right to ask for redemption of the security prior to final maturity. This instrument is not putable.     
15 Callable    Whether the issuer of the debt instrument can call the debt prior to maturity. This instrument is not callable.     
16 Strippable    Whether or not the instrument can be stripped, so that interest and principal may be traded separately. This instrument cannot be stripped.     
17 Certificate Of Deposit  A certificate of deposit (CD) is a money market instrument issued by a depository institution as evidence of a time deposit.     
21 Value At issue    The relative value at which the instrument is issued, namely par, premium or discount. These instruments are issued at par.    
22 Value At Maturity    The value at which the instrument matures, namely par, discount or premium. These instruments mature at par with interest.    
23 Putable    Whether the holder has the right to ask for redemption of the security prior to final maturity. This instrument is not putable.     
24 Callable    Whether the issuer of the debt instrument can call the debt prior to maturity. This instrument is not callable.     
25 Strippable    Whether or not the instrument can be stripped, so that interest and principal may be traded separately. This instrument cannot be stripped.     
26 Commercial Paper  Commercial paper (CP) is unsecured short-term promissory notes issued primarily by corporations, although there are also municipal and sovereign issuers (not included in this definition).     
30 has maturity duration  The maturity of commercial paper is defined as being typically up to 270 days. In the US market this is 270 days, while in the United Kingdom it is one year. Other markets may vary.     
31 issuer  The issuer of the commercial paper, which is a Company.     
32 Value At Maturity    The value at which the instrument matures, namely par, discount or premium. These instruments mature at par.     
33 Putable    Whether the holder has the right to ask for redemption of the security prior to final maturity. This instrument is not putable.     
34 Callable    Whether the issuer of the debt instrument can call the debt prior to maturity. This instrument is not callable.     
35 Strippable    Whether or not the instrument can be stripped, so that interest and principal may be traded separately. This instrument cannot be stripped.     
36 Commercial Paper Issuer  Any entity that issues Commercial Paper. This includes corporations but the Special Purpose Entities that issue Asset Backed Commercial Paper (ABCP) and some mutual funds also issue CP. Can also be a banks, an institution, pretty much anything. There are no hard and fast criteria for this. Therefore this is defined as being any kind of Organization or any kind of Government.     
38 identified as  The issuer of commercial Paper may be an Incorporated company or a Special Purpose Vehicle. It may also be a municipal or sovereign issuer in some cases. This is therefore identified as being potentially any organization or government.     
39 CP Typical Duration Description  The formal description of the typical period of time which is the mayturity of a Commercial Paper instrument.     
41 denomination  The denomination in which the typical duration is measured. This may be Days or Years.    
42 Multiplier    The typical duration for the CP instrument.     
43 Discounted CP  A Discounted CP is similar to a Treasury Bill except the maturity is 270 days or less.  Therefore (draft definition):  A Money Market instrument (short term debt instrument) issued by a corporation for the purposes of raising funds. This is tradable and accretes interest i.e. it is a Discounted Instrument. It has a maturity of 270 days or less.     
46 Value At Issue    The relative value at which the instrument is issued, namely par, premium or discount. These instruments are issued at a discount.     
47 Value At Maturity    The value at which the instrument matures, namely par, discount or premium. These instruments mature at par.     
48 Eurodollar Deposit  A US dollar deposit or other currency deposit made outside the US or the country that issues that currency.  Further notes from riskglossary.com (part of Money Market Deposit article):  The Eurodollar market has become global, so its name is a bit of a misnomer. A bank in Japan or Singapore may accept dollar deposits, but these are still called Eurodollar deposits. The market also includes other currencies, so there are Eurosterling, Euroyen, Euroswiss, etc. To confuse matters, in 1999, the European Union embraced the euro as its new currency, so you can now hear of Euroeuro. Eurocurrency is the general term for any currency deposited in bank branches outside countries where it is the national currency.   Comment: Should this not rather be labeled as Eurocurrency Deposit, corresponding with the above definition? Eurodollar deposit would be a dollar-denominated sub type of this.     
50 Interest Bearing CP  Interest Bearing Commercial Paper is sold at par and has interest rate but only pays interest at maturity.     
53 Value At Issue    The relative value at which the instrument is issued, namely par, premium or discount. These instruments are issued at par.    
54 Value At Maturity The value at which the instrument matures, namely par, discount or premium. These instruments mature at par and pay interest.     
55 Liability Repurchase Agreement  A Repurchase Agreement defined from the point of view of the borrower, where it is seen as a liabillity repo.    Reverse RePo. 
58 defined from perspective of  The borrower is the party from whose perspective this is defined as a liability repo.     
59 Money Market Deposit  Money market deposits are large-denomination time deposits. Terms range from overnight to one year. Interest accrues until maturity.    Eurodollar Deposit.   
63 Value At Issue    The relative value at which the instrument is issued, namely par, premium or discount. These instruments are issued at par.    
64 Value At Maturity    The value at which the instrument matures, namely par, discount or premium. These instruments mature at par.     
65 Putable    Whether the holder has the right to ask for redemption of the security prior to final maturity. This instrument is not putable.     
66 Callable    Whether the writer of the debt contract (the debtor) can call the debt prior to maturity. This instrument is not callable.     
67 Non Tradable Debt Instrument  A debt instrument that is set up bilaterally between two parties, typically for short term funding of investment requirements. These are not sold on by the holder but take the form of a bilateral contract between the parties.     
72 defines terms for  The security sets out the terms for securitized debt which is owed by the writing party of the security to the holder.     
73 has call terms  Terms setting out how and when the instrument can be called.     
74 has redemption terms  Terms for repayment of principal.    
75 has interest payment terms  Terms for payment of interest.    
76 Putable    Whether the holder has the right to ask for redemption of the security prior to final maturity.     
77 Callable    Whether the writer of the debt contract (the debtor) can call the debt prior to maturity.     
78 Value At Issue    The relative value at which the instrument is issued, namely par, premium or discount.     
79 Value At Maturity    The value at which the instrument matures, namely par, discount or premium.     
80 Non Tradable Debt Interest Terms  Terms for payment of interest on debt instruments that are not traded securities, i.e. over the counter, bilateral paper.     
82 Interest Rate    The annual percentage rate of interest that must be paid on the debt.     
83 Non Tradable Debt Redemption Terms  Terms for repayment of principal on debt instruments that are not traded securities, i.e. over the counter, bilateral paper.     
85 Maturity Date    The date when the debt is scheduled to be repaid.     
86 Repo Borrower  The borrower in the repurchase agreement.     
88 Repo Lender  The lender in the repurchase agreement.     
90 RePo Party  A party to a repurchase agreement.     
92 Repurchase Agreement  A repurchase agreement (or repo) is an agreement between two parties whereby one party lends the other a security at a specified price with a commitment to take the security back at a later date for another specified price.    Repo.  
96 has lender  The party which is the lender in the repusrhcase agreement.     
97 has borrower  The party which is the borrower in the repurchase agreement.     
98 has party  Any party to a Rspurchase Agreement. This may be the lender or the borrower. This is some entity which is a signatory to the RePo contract (agreement).     
99 Period The duration of the repurchase agreement, where there is one.     
100 Open Ended    Whether the repo is open ended.     
101 Term Certificate Of Deposit  A Certificate of Deposit with a maturity duration of more than one year.     
103 maturity duration  The maturity of commercial paper is defined as being more than one year.     
104 Treasury Bill  A Money Market instrument (short term debt instrument) issued by a Government for the purposes of raising funds for the Treasury in the Country it governs.    T-bill.  
108 issuer  The issuer of the Treasury Bill or equivalent Government paper. This is by definition a government of a Country.     
109 has interest rate  The rate of interest payable on the Treasury Bill.    
110 Value At Issue    The relative value at which the instrument is issued, namely par, premium or discount. These instruments are issued at a discount.     
111 Value At Maturity    The value at which the instrument matures, namely par, discount or premium. These instruments mature at par.     
112 Putable    Whether the holder has the right to ask for redemption of the security prior to final maturity. This instrument is not putable.     
113 Callable    Whether the issuer of the debt instrument can call the debt prior to maturity. This instrument is not callable.     
114 Strippable    Whether or not the instrument can be stripped, so that interest and principal may be traded separately. This instrument cannot be stripped.     
115 Money Market Instrument  Money Market Debt Instrument is a kind of short term debt security. This is defined as the logical union of all the securities that are commonly referred to as Money Market instruments.     
123 typical maturity duration  Duration of the Money Market instrument is typically but not necessarily 12 months or less.     
124 Putable    A money market instrument may not be put by the holder or creditor.    
125 Callable    A money market instrument may not be called by the issuer or debtor.     
126 Strippable    A money market instrument may not be stripped.